Ep. 276 Even Milton Friedman Slipped in His Defense of Trade Deficits
Bob Murphy Show
00:00
The Importance of a Good Standard of Living
CNN's John Sutter asks: Wouldn't you rather get more imports than exports? "Wouldn't it be good if all of a sudden the prices of goods and services got cut in half?" The answer is yes, he says. But that doesn't mean your standard of living would double or anything like that.
Transcript
Play full episode
